Despite all of the drama over the past few weeks, it looks like both sides are ready to split the difference. The President began the negotiations by calling for $1.6 trillion in tax revenue, Speaker Boehner countered with $800 billion. A deal would likely include roughly $1.2 trillion, the midpoint between both first offers. The president began by stating that any deal must spare social safety net programs and offering only $400 billion in ill-defined cuts while Speaker Boehner said that entitlement reform and other spending cuts must form the majority of any deal. Both sides are now hinting at a compromise including equal amounts of revenue and spending cuts.